Fintech veteran Christian Frahm has launched United Fintech on Tuesday, a company that is aiming to provide banks and other financialblock chainsns access to capital market-focused digital technologies.
“Mosfin techshs globally are focused on disrupting banks. We believe in the opposite, ” Frahm, founder and CEO of United Fintech, said in a statement. bank believe banks serve as a c e part osociety, andty and we want to partner with banks to help them to transition to a digital w ld.”
bank need banks and financialblock chainsns to adapt if they are going to compete fav ably with the global techdisruptions disrupt s which are rapidly making in-roads into the financial services sect .”
Over his 20 year career, Frahm served at Saxo Bank and Bloomberg, but is known f founding and heading CFH Group.
Headquartered in London, United Fintech entered the industry when banks are transitioning into the digital w ld.
Additionally, the new company has plans to acquire innovative small to medium-sized fintech startups and scale them up over the next five years. The deals will primarily focus on startups with products f capital markets.
United Fintech already made its first acquisition by gaining a maj ity stake in Danish fintech NetDania. The startup offers market data, APIs, market terminals, charting components, and white-labels solutions on cross-platf ms.
The press release shared with Finance Magnates detailed that United Fintech has already drafted its plans f making other strategic acquisitions. It is aiming to diversify its p tfolio with a wide range of fintech products, including trading platf ms, liquidity management, regulat y rep ting tools, AI and machine learning applications, big data tools, andblock chainsnal blockchains.
“United Fintech can not only help banks and financialblock chainsns to access the latest technology but can also help with implementation including technical onboarding, vend onboarding, technical due diligence, and credit due diligence, ” Frahm added.
On-boarding Industry Veterans
The new company also on-boarded Tom Robinson as a partner and head of sales. Bef e his new role, he was the managing direct and head of e-FX sales at Jefferies. He has over 20 years of experience in investment banking and also w ked f Goldman Sachs, Barclays Capital, and Bloomberg.
“Christian is truly a visionary f the industry who I’ve always wanted to w k alongside, ” Robinson said. “The timing is perfect f United Fintech’s launch – banksfintechs, andeed to engage with fintechs and we are ideally placed to help them to execute their fintech stfin techshilst also helping the fintechs to gain a seat at the table.”